SIXJ vs. SPYG
Compare and contrast key facts about AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
SIXJ and SPYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIXJ is a passively managed fund by Allianz that tracks the performance of the S&P 500. It was launched on Dec 31, 2021. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. Both SIXJ and SPYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SIXJ or SPYG.
Key characteristics
| SIXJ | SPYG | |
|---|---|---|
| YTD Return | 9.38% | 23.89% |
| 1Y Return | 16.00% | 32.06% |
| Sharpe Ratio | 2.02 | 1.89 |
| Daily Std Dev | 7.99% | 16.80% |
| Max Drawdown | -14.08% | -67.79% |
| Current Drawdown | -0.09% | -4.45% |
Correlation
The correlation between SIXJ and SPYG is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SIXJ vs. SPYG - Performance Comparison
In the year-to-date period, SIXJ achieves a 9.38% return, which is significantly lower than SPYG's 23.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SIXJ vs. SPYG - Expense Ratio Comparison
SIXJ has a 0.74% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Risk-Adjusted Performance
SIXJ vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ) and SPDR Portfolio S&P 500 Growth ETF (SPYG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
SIXJ vs. SPYG - Dividend Comparison
SIXJ has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.54%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIXJ AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.54% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
SIXJ vs. SPYG - Drawdown Comparison
The maximum SIXJ drawdown since its inception was -14.08%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for SIXJ and SPYG. For additional features, visit the drawdowns tool.
Volatility
SIXJ vs. SPYG - Volatility Comparison
The current volatility for AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ) is 2.06%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.49%. This indicates that SIXJ experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.